How to fight Internet Price Increases from Rogers and Bell

Recently, there was an article that mentioned Rogers and Bell were increasing monthly internet fees by between $5-$8 a month. That roughly works out to be a 10% annual increase for the average user. Of course the standard response is that they will be using these excess funds to further research and improve service. I call B.S

The next gen internet technology has already been developed (li-fi) and the infrastructure to harness the higher bandwidth is already in place. The real reason is that they are offsetting hundreds of call centre hourly wage increases that came into effect this year. Thank you Kathleen.

What makes it worse is that no one can really compete against the 2 biggest providers. They even collaborate on investments (MLSE). So what can you do?

  1. Buy their stock. I know how this sounds, but they both pay good dividends and it’s nice to have them pay you for a change.
  2. With Netflix and other services inching their way past the CRTC, you need to do your homework and decide what you can live with. I am downsizing my package to the basic one next month in protest and save 30.00/mth or 360.00/yr.

Stay frugal my friends…

Rick Barbosa

 

 

 

 

My Netflix Changeover

netflix

 

I wanted to share my recent Netflix conversion experience with you so that you could see if it’s worth it for you and your family. Firstly, I held off even thinking about Netflix until their recent run in with the CRTC. I was convinced that the CRTC was going to regulate and destroy the concept in the name of Canadian content. When I like many others saw the refusal of Netflix to cooperate with the CRTC and the lack of follow-up on their part, I started to look into it further.

I was paying 111.78 per month. This was made up of (Before)

  • VIP Cable                      71.99
  • Digital Services Fee    2.99
  • TMN                                16.95
  • Learning Pack              6.99
  • HST                                 12.86

Total                                           111.78

You’ll notice that I didn’t have any rental boxes on there as I believed in owning instead of renting. I was tired of paying so much for the 10-15 channels I was actually watching. We also have 3 T.V’s in our house.

I choose the Netflix 2 TV package which is 8.99 per month. We got rid of VIP, TMN and Learning. Now I bet you’re saying that’s a huge savings already but it actually wound up to be more like this.

We kept basic cable and (After)

  • Basic Cable (Rogers) 36.49  (Digital TV package)
  • Digital Services Fee     2.99
  • Extra Outlet                    7.49 (Once you drop VIP there is a per outlet charge after 2 TV’s
  • Nickelodeon                   2.79 (Advertised on-line but not included in Digital TV package listing)
  • Credit                             -10.00 (for Nickelodeon advertised but not listed and 5.00 credit to defer extra outlet) We had to fight for this
  • Unlimited Data             30.00 (We increased our data to cover usage with Bell Fibe)
  • Netflix                                 8.99
  • HST                                   10.24

Total                                                88.99  Savings of 22.79/mth or 273.48 per year.

Now there is also a Rogers Digital Lite package that’s never advertised which only gives you one box and basic networks for 14.99 per month. We found this to be too extreme but it may be right for you.

Since using Netflix for the past 4 days we have enjoyed the selection and freedom to watch TV without commercials. Now please be advised that your current internet speeds should be 15+mbps download to really work properly and you’ll definitely need unlimited data as we quickly discovered.

Bottom line is you will save money so long as it doesn’t get “regulated” and you will enjoy it. Hope this helped.

 

Your Friend

Rick Barbosa

 

 

 

 

The Road to Prosperity : Step 5 Celebrate Success

You’ve done the hard work of taking responsibility for your own success, tracked everything, learned to pay yourself and finally started living below your means.  At this point you should have had some traction at paying off debt or accumulating some savings or both. It is equally as important to mark these wins as to achieve them. Celebrating milestones keeps you motivated and gives you something to look forward to. Enjoy a night out, nice meal or a weekend away with the family. You’ve earned it. Keep at it and you will start to celebrate more often and enjoy life rather than just living it.

Thanks for staying with me on the Road to Prosperity.

Rick Barbosa

 

The Road to Prosperity: Step 3 Pay Yourself

It’s not a secret, nor is it a new concept, but it is worth repeating, and it is extremely important if you ever want to build wealth and prosperity. After accepting responsibility for your future, tracking and budgeting your spending, the next logical step is to ensure that you treat yourself as an item on your budget. One of my clients asked me how do I pay myself??? Trying to keep things simple I said, treat yourself like a bill. You pay Hydro, Gas, Mortgage, so why not pay yourself. She immediately got the concept. She slotted “Savings” into her spreadsheet and began slowly putting away money each paycheque and was surprised how fast it started to add up.

Now there are different schools of thought on the order and importance savings plays in your budget so I will give you my view based on my own personal experience. During my crunch years (raising kids, paying the mortgage, high household debt) I made it a priority to pay my loans and mortgage off as quickly as I could. This meant that I put very little aside into savings, but still managed to save something each time. My reasoning was simple. I was going to get rid of the debt sooner and sacrifice now (social life, travel, entertainment) while the kids were young so I could enjoy life later. Some may opt to have a more balanced approach, while others are able to both save and pay off debt successfully at the same time. Whatever method you choose, so long as you remember to keep something aside for yourselves then things will work out. If you’re not saving, then ask yourself this question, “What do I have to show for all my hard work?”

Until next time.

Take Care.

Rick Barbosa